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Business, 03.03.2020 22:34 amelvin41

Suppose that society decided to reduce consumption and increase investment. More investment leads to faster or Slower economic growth in the short run? Which of the following statements are true about which groups in society would benefit or be hurt from this change? Check all that apply. a. There might be a transition period in which workers and owners in consumption-good industries would get lower incomes. b. All groups can increase their spending. c. Some people will have higher incomes as the result of faster economic growth. d. There might be a transition period in which workers and owners in investment-good industries would get lower incomes.

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